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CES 2021 BayPay Rides Rise in Token Commerce with Its Simple, Fast, and Safe Payment Service

TAIPEI, Taiwan, Jan. 17, 2021 /PRNewswire/ -- BayPay is a technology company that builds economic infrastructure for blockchain with a promise to offering simple, fast, and safe payments, especially with the anticipated growth in token-based commerce during the COVID-19 pandemic, when people don't necessarily want to hold physical money.
CES 2021 BayPay Rides Rise in Token Commerce with Its Simple, Fast, and Safe Payment Service
BayPay's Founder and CEO Scofield Yeh is positioning his company to reap the benefits of growth in the token economy. He said that, despite the fact that blockchain-related businesses are growing faster than the rest of the economy, only about 0.3 percent of global commerce happens on "chain" today."Regulatory complexity, a byzantine global financial system, and a shortage of engineers are constraining the impact of the token economy. Removing the barriers to token commerce helps more new businesses get started, expedites growth for existing companies, and increases economic output and trade globally. BayPay combines a payments platform with applications that put blockchain data at the heart of business operations," Yeh said."Businesses of every size, from new startups to public companies, use our software to accept payments and manage their token businesses on chain," he said.
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